- trend is down on daily and weekly charts
- on daily charts, markets closed above 8180-8200 spot level which was minor swing high
- while this makes trend bullish, one should look at the bigger picture
- here nifty is still trading in a falling / parallel channel
- so till we have a breakout out of this channel, one should assume trend is down
- on daily charts, markets closed above 8180-8200 spot level which was minor swing high
- while this makes trend bullish, one should look at the bigger picture
- here nifty is still trading in a falling / parallel channel
- so till we have a breakout out of this channel, one should assume trend is down
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